This paper examines the efficiency of pricing in the NFL point spread betting market, as hypothesized by the Efficient Market Hypothesis, through both statistical and economic tests. This market provides a simpler framework to test such economic hypotheses than conventional financial markets. Using a larger sample size than past literature, this paper finds that while the market is efficient in the aggregate sense, there are still some profit opportunities which imply pricing inefficiencies.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-2102 |
| Date | 01 January 2014 |
| Creators | Spinosa, Charles L |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | © 2014 Charles L. Spinosa, default |
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